Uflex soars with its arm securing US patent covering complete categories of Formable Films

Uflex soars with its arm securing US patent covering complete categories of Formable Films

by admin- Tuesday, December 4th, 2018 04:41:45 PM

Uflex is presently buying and selling at Rs. 292.30, up by means of 13.Fifty five factors or four.86% from its previous closing of Rs. 278.75 at the BSE.

The scrip opened at Rs. 289.Forty and has touched a excessive and occasional of Rs. 297.00 and Rs. 287.00 respectively. So a long way 14042 stocks were traded at the counter.

The BSE institution ‘A’ stock of face fee Rs. 10 has touched a 52 week excessive of Rs. 506.75 on 26-Dec-2017 and a fifty two week low of Rs. 245.40 on 28-Jun-2018.

Last one week high and coffee of the scrip stood at Rs. 297.00 and Rs. 270.70 respectively. The contemporary market cap of the organization is Rs. 2125.18 crore.

The promoters protecting within the agency stood at 44.02%, at the same time as Institutions and Non-Institutions held 10.74% and forty five.25% respectively.

Uflex’s worldwide movie manufacturing subsidiary — FlexFilms has been granted United States Patent protecting whole classes of Formable Films that include one or more BOPET layers utilized in Alu Alu blister packaging. The patent US 10131122 was issued to Flex Films (USA) Inc on November 20, 2018 for a period of 20 years. With the patent issuance, the employer gets one of a kind proper of manufacturing & sale of this unique BOPET film in US, Europe and India.

This patent has a forte of forming function of BOPET film in Z course in the course of packaging utility.

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